Abbreviated Company Accounts - HOWLETT LEISURE DEVELOPMENTS LIMITED

HOWLETT LEISURE DEVELOPMENTS LIMITED - Company Information

04066404 HOWLETT LEISURE DEVELOPMENTS LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 04066404 2013-10-01 2014-09-30 04066404 2014-09-30 04066404 2013-09-30 04066404 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 04066404 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 04066404

HOWLETT LEISURE DEVELOPMENTS LIMITED

Abbreviated Accounts

30 September 2014

HOWLETT LEISURE DEVELOPMENTS LIMITED Registered Number 04066404

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		1,733,623	1,711,382
Debtors	2	728,295	664,373
Cash at bank and in hand		5,093	2,277
		2,467,011	2,378,032
Creditors: amounts falling due within one year	3	(2,292,080)	(2,272,505)
Net current assets (liabilities)		174,931	105,527
Total assets less current liabilities		174,931	105,527
Creditors: amounts falling due after more than one year	3	(369,946)	(359,975)
Total net assets (liabilities)		(195,015)	(254,448)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(195,115)	(254,548)
Shareholders' funds		(195,015)	(254,448)

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2015

And signed on their behalf by:
W Gibbeson, Director

HOWLETT LEISURE DEVELOPMENTS LIMITED Registered Number 04066404

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the sales value of properties sold that have been contracted for sale and physically completed and other property related sales, receipts and claims and excludes value added tax.

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads, together with an appropriate proportion of interest charges incurred as determined by the directors.

Other accounting policies
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Profit allocation

The company is a general partner in a limited partnership, and under the terms of this agreement, Howlett Leisure Developments Limited is entitled to 5% of the profit on ordinary activities before taxation, with the remaining profit, net of losses, being allocated to the other partners according to the partnership agreement.

2Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	640,101	640,046

3Creditors

	2014 £	2013 £
Secured Debts	1,853,951	1,927,646

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100